The issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. system. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. You need to get the
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w
As well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world s two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30% pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The plane maker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. India s prime minister narendra modi has wrapped up a three day trip to the united states. The
If enacted, it would focus on tech that connects vehicles to the outside world, such as bluetooth, as well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but Commerce Secretary Gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of National Security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the worlds two biggest economies, Overthe Technologies of the future. Boeing has offered Factory Workers a 30 Pay Rise over four years, as it tries to end a strike which has shut down its Manufacturing Facilities in the us pacific northwest. The Plane Maker also offered to reinstate a Performance Bonus and improve Retirement Benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle
To the whole story. I m anderson cooper. We are less than seven months away from the next presidential election. But even now, four years after joe biden won, there are a number of down from supporters who dispute those results. And that s not all they dispute. The january 6 attack was an insurrection dispute. The idea of separation of church and state in america. Some even dispute that the last super bowl was played honestly, and they blamed taylor swift for rigging the outcome over the next hour, cnn s donie o sullivan dives and those who are trying to battle them. [music playing] donnie o sullivan: this event today is at a church but [laughs] not entirely clear what kind of church it really is. One of the guest speakers there today is a man by the name of derrick evans. He spent three months in prison for his role in the attack on the us capitol, and now he s running for congress. [rain pattering] (singing) for the land of the free and the home of the brave [applause] supporter: tha